How to make someone else's chart your ownHello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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Sometimes, people ask how to use indicators displayed on the chart.
You can add public indicators by clicking "Indicators" and searching for indicators.
However, since not all indicators are public, you can use private indicators by sharing published ideas.
I will take the time to explain how to share them.
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In order to make someone else's chart your own, you need to share the chart from an idea published by someone else.
To do this, you must be a paid member of TradingView.
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1. Click on the idea of someone else whose chart you want to share and click "Share" near the bottom of the chart.
2. In the next window, click "Make it mine".
You can do it as above.
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However, the idea poster must have the layout of the chart "Sharing".
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Since there is a limit to the number of indicators supported depending on the paid level, it is recommended to check your paid level to see if you can use all the indicators of the chart you want to share.
I briefly looked into how to make someone else's chart mine.
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Have a good time.
Thank you.
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Tradingstrategy
Need to check if this volume can change the trendHello, traders.
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Please click "Boost".
Have a nice day today.
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(1M chart)
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(1W chart)
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(1D chart)
With this large volume, I expect there to be a change in the trend.
Accordingly, I think there can be two expected movements.
1. If it rises to around 59053.55 after the volatility period around August 12th and re-enters the medium- to long-term rising channel.
At this time, the key is whether it can maintain the price by rising above 61099.25.
2. If it falls along the short-term falling channel and starts to rise around 49676.20-52137.67 and breaks out of the short-term falling channel after the volatility period around September 13th.
At this time, the key is that it should show support near the M-Signal indicator on the 1M chart.
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If it falls in the short-term falling channel other than the above case and falls below the M-Signal indicator on the 1M chart, it is possible that it will touch the 42K-43K area, which is forming a strong support zone.
In this case, it should show support while showing a similar trading volume to this time.
I will explain in detail when it shows up, because it is something that I hate to imagine.
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Have a good time.
Thank you.
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- Big picture
The real uptrend is expected to start after it rises above 29K.
The area expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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The volatility period starting this time is important...Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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(BTCUSDT 1M chart)
The StochRSI indicator has fallen below the midpoint.
Therefore, when this month's candle closes, we need to see if it can close above the 1st.
If not, and it closes near the 2nd, the StochRSI indicator is expected to fall further.
However, if a new HA-High indicator (61099.25) is formed near the 2nd and it shows support near that area, I think it is highly likely that the StochRSI indicator will show an upward trend.
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(1W chart)
Looking at the 1W chart, the volatility period is around the week of July 29th.
Therefore, it can be seen that it is currently in the volatility period.
Since the HA-High indicator is formed at 65920.71, trading is possible depending on whether there is support around this area.
The meaning of receiving support from the HA-High indicator and rising can be interpreted as meaning that there is a possibility of renewing the previous latest high.
Therefore, there is a possibility of rising above 71K.
However, since the first section is 1.13 (67031.36) ~ 69000, the key is whether it can break through this section upward.
In any case, the key is whether it can rise along the important rising channel after passing this volatility period.
If it does not, and falls below 56K and shows resistance, it is expected to turn into a downtrend.
This volatility period is expected to play an important role in determining the trend in the second half of this year, so it seems that we should closely watch the flow.
The trend that is about to form after this volatility period is expected to become full-fledged after mid-September.
Therefore, rather than rushing to start trading, I think it is better to start trading slowly when you have some confidence.
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The StochRSI indicator on the 1M chart is showing a strong downward trend.
However, the StochRSI indicator on the 1W chart can be seen as showing a weak downward trend.
Therefore, we should check whether the StochRSI indicator rises above the midpoint when a new candle is created next week.
If it does not rise above the HA-High indicator on the 1W chart and the StochRSI indicator does not rise above the midpoint, there is a possibility that the downward trend will become stronger again, so caution is required.
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(1D chart)
The important volatility period is the volatility period shown on the 1W chart.
However, I think it is highly likely that a trend will gradually form after passing the volatility period shown on the 1D chart.
Therefore, we need to check what kind of movement it shows after passing the volatility period around July 28 (July 27-29).
The 65920.71-67614.25 section is an important section made up of the HA-High indicator on the 1W chart and the HA-High indicator on the 1D chart.
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Since the creation of the HA-High indicator means that a high point section has been formed, the presence of support near the HA-High indicator is important.
Since the area near the HA-High indicator corresponds to the high point section, in most cases, the area near the HA-High indicator corresponds to the resistance section.
However, in order for a large uptrend, i.e. a step-up, to begin, the price must be maintained above the HA-High indicator.
According to this correlation, the current average purchase price corresponds to the trading point.
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After touching the HA-Low indicator and rising, the HA-High indicator showed a step-up, showing a large uptrend, and now it is touching the HA-Low indicator again and showing the same movement as the current one.
Therefore, if the price can be maintained by rising above the HA-High indicator this time, it is highly likely to show a new uptrend.
However, if it fails and falls, the HA-Low indicator is likely to show a step-down, so caution is required.
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The creation of the HA-Low indicator means that a low point range has been formed.
Therefore, if it falls below the HA-Low indicator, it is highly likely to update the latest low, so caution is required when trading.
Therefore, it is recommended to start trading after confirming the support from the HA-Low indicator, that is, the rising pattern.
If the HA-Low indicator is supported and rises, there is a high possibility of obtaining high profits.
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The M-Signal indicator on the 1W chart is rising past the 62K level.
Therefore, after the volatility period around July 28, the key issue is whether there is support around 63118.62-64000.0.
Since the HA-High indicator on the 1M chart is showing a pattern of being created at the 61099.25 point, if it falls below this point and shows resistance, you should ask for a countermeasure for the stepwise downtrend.
Therefore, the direction in which it deviates from the 65920.71-67614.25 section in the 63118.62-64000.0 is something to check during this volatility period (around July 28).
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Have a nice time.
Thank you.
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- Big picture
A full-scale uptrend is expected to start after rising above 29K.
The next bull market is expected to touch 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Are Two Heads Better Than One? Team vs. Individual Trading█ Are Two Heads Better Than One? Team VS Individual Trading Performance
The age-old question of whether two heads are better than one finds new relevance in the world of stock trading. A comprehensive study titled "Are Two Heads Better Than One?" delves into this question by comparing the performance of individual traders and two-person teams in a simulated share-trading environment. This article explores the key findings of the study, provides actionable insights, and discusses how traders can apply these insights to enhance their trading strategies.
█ Key Findings of the Study
The research examined the trading performance of novice traders, both individuals and teams, in an electronic share-trading simulation. The results offer a nuanced understanding of how team dynamics and individual attributes impact trading outcomes.
⚪ Firstly, the study found no statistically significant difference in trading profits between teams and individual traders. While teams showed higher average profits, the variation was not substantial enough to declare teams as definitively better. Interestingly, profit volatility was more sensitive to trading activity in teams than in individuals.
⚪ Confidence emerged as a crucial factor in trading performance. Traders with higher confidence, whether trading alone or as part of a team, tended to achieve better results. However, this confidence needed to be task-specific, focusing on particular trading activities like setting bids and asks, rather than a general sense of capability.
⚪ Another significant insight was the impact of trading activity on profitability. The study revealed a negative relationship between the number of trades and profit. In simpler terms, traders who engaged in fewer transactions generally earned higher profits. This applied to both individuals and teams.
⚪ The dynamics within teams also played a role in trading performance. Teams that displayed a positive attitude towards the trading task and perceived it as less difficult performed better. Additionally, mutual respect among team members correlated with less frequent trading and, consequently, higher profits.
█ Actionable Insights for Traders
The findings of this study offer several actionable insights for traders looking to improve their performance.
⚪ Balancing Confidence with Caution
Confidence is a double-edged sword in trading. While it is essential for making decisive moves, overconfidence can lead to excessive trading, which often diminishes profits. Traders should aim to build confidence in specific trading tasks through practice and education. For instance, focusing on developing skills in setting precise bids and asks can enhance performance without falling into the trap of over-trading.
⚪ Optimizing Trading Activity
One of the most actionable insights from the study is the importance of trading less frequently. Traders should adopt a more strategic approach, focusing on the quality of trades rather than quantity. This means conducting thorough research and analysis before making a trade, and resisting the urge to engage in frequent buying and selling. Implementing rules that limit the number of trades per day or per week can help maintain this discipline.
⚪ Enhancing Team Dynamics
For those trading in teams, fostering a positive group attitude and mutual respect is crucial. Effective communication and collaboration can significantly improve trading outcomes. Teams should regularly discuss strategies and specific trades, ensuring that all members are on the same page. Moreover, teams should strive to build a cohesive unit where members respect each other's abilities, as this can lead to more deliberate and profitable trading decisions.
⚪ Training and Development
Trading firms can leverage these insights to design better training programs. Emphasizing the importance of confidence in specific tasks and the dangers of over-trading can help traders develop more effective strategies. Training should also focus on building strong team dynamics, teaching traders how to communicate effectively and collaborate efficiently.
⚪ Performance Monitoring
Traders should regularly assess their performance, paying close attention to the correlation between their trading activity and profits. Tools and metrics that measure both confidence levels and trading frequency can provide valuable feedback. This data can help traders make informed adjustments to their strategies, ensuring they stay on the path to profitability.
█ Conclusion
The study "Are Two Heads Better Than One?" offers important insights into how individuals and teams trade. Although two heads are not always better than one in terms of profits, the research shows that confidence, trading activity, and team dynamics are crucial for trading success.
To improve trading results, traders should:
Balance confidence with caution
Trade less frequently but more strategically
Strengthen team dynamics
Focus on specific training
Regularly review their performance
Whether you're new to trading or have experience, remember to prioritize quality over quantity in your trades. Build confidence in specific tasks, and if you're working in a team, create a collaborative and respectful environment. These approaches will enhance your trading performance and lead to more consistent and sustainable profits.
█ Reference
Heaney, R., Foster, F. D., Gregor, S., O'Neill, T., & Wood, R. (2010). Are two heads better than one? An experiment with novice share traders. Australian Journal of Management, 35(2), 119-143. doi:10.1177/0312896210370078.
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Disclaimer
This is an educational study for entertainment purposes only.
The information in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell securities. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
When to PAUSE Trading – NOT Stop – 4 TimesThere is a time where you might need to PAUSE with your trading.
It will save you from a potential portfolio crash.
And it happens either when – The market environment isn’t playing nice with your system.
And there are moments when you need to step back from your trading.
But even when you halt trading, it doesn’t mean you can just take a vacation and chill.
No! The key is to track your performance each day, until the conditions improve.
This will make sure, you’re poised to leap back in when the time is right.
Let’s dive into the signs that it might be time to hit the pause button.
Big Drawdowns Over 20%
Picture this:
Your portfolio is sliding, and suddenly, you’re staring at a 20% drawdown.
It’s VERY rare – and I haven’t seen such downside since I started trading. But this applies to new traders who try to do too many things at once.
Anyways, 20% is Ouch.
If this ever happens, it’s a signal to halt trading and reassess.
Then you’ll need to analyze and see what is going wrong.
See if there is a flaw in your system.
See if the market is the right one to trade your system with.
Is it a market anomaly or is it psychological where you keep making silly mistakes.
Remember, it’s about surviving to trade another day.
Feeling Very Emotional with Trading Losses
Trading is a game of numbers, not emotions.
Now losses do sting. But that’s only when the risk is too high or you’re psychologically unable to handle them.
The trick is to manage emotions and take countless trades (wins and losses), to lower the effect of the losses.
But, if you find yourself riding an emotional rollercoaster with every loss, it’s time to halt.
Trading with a cloudy mind, over emotions and fear is a recipe for disaster.
Emotions can lead you to take impulsive and revenge trades.
And this will lead to EVEN bigger losses.
So, take a breather.
Step away from the screens and give yourself time to cool off.
Recenter your focus until you feel you have a clear, rational mindset for trading.
A trader who controls their emotions controls their destiny.
No Confirmed Strategy
Trading without a plan is like navigating a minefield blind.
If you’re unsure about your strategy or it’s not delivering consistent results, halt.
Spend time to refine and optimise your approach.
Backtest, analyze, and validate your strategy until you’re confident it can withstand the market’s ups and downs.
Only then should you resume trading LIVE.
A solid strategy is your roadmap to success.
Do Not Trust Trading
Trust is the cornerstone of trading.
If you find yourself doubting the entire process, it’s a red flag.
Maybe it’s because of repeated losses, unreliable signals, or just plain bad luck.
Whatever the reason, if you don’t trust your trading, halt. You will manifest a very negative outlook on what trading can help generate you during your career.
Remember trading is all about probabilities, risk and reward.
Use this time to rebuild your confidence.
Educate yourself, seek mentorship, and engage with the trading community.
Trust isn’t rebuilt overnight, but with patience and perseverance, you’ll get there.
Once you regain your trust, you’ll trade with renewed vigor and clarity.
FINAL WORDS: The Power of the Pause
Hitting the pause button isn’t a sign of weakness.
It’s a powerful strategic move to know when something is NOT working.
When you HALT trading you recognize when you need to protect your capital, preserve your mental health, and prepare for a stronger comeback.
Always track your performance and be ready to adapt.
Remember, the market isn’t going anywhere, and neither should you—just be smarter about your approach.
Let’s sum up the times when you should HALT trading.
Big Drawdowns Over 20%: Pause to reassess and prevent deeper losses.
Feeling Very Emotional with Trading Losses: Step back to cool off and regain a clear mindset.
No Confirmed Strategy: Refine and validate your approach before resuming.
Do Not Trust Trading: Rebuild your confidence and trust in the process.
XAUUSD | Gold Spot | Buy and Sell OpportunitiesDay : Bullish Trend
15m :
Long Entry: Take a long position after a 15-minute sell-side liquidity sweep during the London session.
Short Entry: Take a short position after a 15-minute buy-side liquidity sweep during the London session.
In either case, wait for 1-minute confirmations before entering the trade. If there is no confirmation during the London session kill zones, wait for the next kill zone's
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GBPUSD | Selling OppurtunityDay Trend : Bearish
15m : Bullish Trend( in the process of Supply Zone Mitigation )
as soon as liquidity sweep in buyside, wait for 15m bearish confirmation
1m: enter into trade after 1m bearish confirmation
Note: If there is a bullish confirmation in the 15-minute trend and 1-minute confirmation, we can enter a long (buy) trade until the buy-side liquidity sweep. Later, we need to find a bearish (sell) entry opportunity.
Don't deviate from the process for 1-minute confirmations.
Expected Volatility Period: Around August 5 (August 4-6)Hello, traders.
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Have a nice day today.
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(1M Chart)
The key is whether it can maintain an uptrend along the long-term rising channel.
To do so, it is necessary to check whether it is supported and rising around 0.382 (0.6166).
The most important support area is around 0.47.
If the price maintains above 0.47, XRP is expected to form an uptrend.
If the uptrend continues,
1st: 0.5 (0.7144) ~ 0.7460
2nd: 1.0409
The 1st and 2nd areas above are expected to act as resistance.
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(1W chart)
A volume profile area has been formed in the 0.5455-0.6070 area.
Accordingly, the key is whether it can be supported and rise in the 0.5455-0.6070 area.
Therefore, whether it can be supported or not in the 0.382 (0.6166) area is important.
If it falls below the 0.47 point and shows resistance, I think it would be better to wait until it rises again without trading if possible.
If you want to buy, it is better to buy when it rises rather than when it falls.
The reason is that if it falls below 0.47, it will enter the mid- to long-term investment zone, so I don't know when it will rise.
We need to check whether it can break through the first resistance zone of 0.6810-0.7460.
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(1D chart)
The key is whether it can receive support near 0.6296 and rise.
If not, we need to check which direction it deviates from the 0.6070-0.6296 zone and maintains the price after around August 5.
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The fact that the HA-High indicator was created means that a high point zone has been formed.
Therefore, in most cases, it will not break through the box zone of the HA-High indicator and will fall.
If it does not and breaks through the box zone of the HA-High indicator upward, there is a high possibility that an upward trend will begin.
In this sense, the 0.5682-0.5979 section should be interpreted as an important support and resistance section for an upward trend.
Accordingly, if we look at it comprehensively, the 0.5455-0.6296 section is an important support and resistance section.
If we think about a trading strategy based on this section,
Buy section: 0.5682-0.5979, 0.6296
Stop loss section: 0.5455
1st sell section: 0.6810-0.7460
You should set it as above and think about whether you can proceed with the transaction according to your trading strategy.
The box section of the HA-High indicator of the current 1D chart is 0.5833-0.6379.
The box section of the HA-High indicator of the previous 1D chart is 0.5712-0.7077.
Therefore, there is a possibility that it will be restricted in its rise, but if it shows support near the HA-High indicator of the current 1D chart, it is expected that it will maintain its upward trend.
Therefore, the current wave can be said to be the beginning of a different wave from the previous wave.
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Have a good time.
Thank you.
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- Big picture
It is expected that the full-scale upward trend will start when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Trade Setup: WIF Long PositionMarket Context:
WIF set in a double bottom on July 11th and has since climbed 90%, establishing a higher high and breaking the downtrend.
The price is currently retracing, and we are looking for acceptance above $2. Observing this area for signs of a bounce will help in trading the breakout while setting in a higher low.
Trade Parameters:
Entry: Enter a trade between $2 and $2.2.
Take Profit:
First target: $3
Second target: $3.6
Stop Loss: Set at a daily close below $1.90
📊 Monitor price action closely around the $2 area for signs of a bounce. Ensure to manage your risk effectively and adjust the trade if market conditions change. #WIF #TradingStrategy #CryptoTrading 🎯
Gold's Next Big Move: Will It Skyrocket or Plummet? Expert View!Major Support / Resistance Zone:
This zone is marked clearly on the chart and acts as a significant level where price has previously reversed or consolidated. It's crucial to monitor how price reacts around this area.
Wave Analysis:
The chart shows a clear Elliott Wave structure, with a 5-wave pattern identified. Waves (1) to (5) represent the motive waves, and the correction waves are seen in between.
Bearish Flag #1 and #2:
These flags indicate periods of consolidation following a downward movement, suggesting potential for continuation to the downside. They are often characterized by lower highs and lower lows forming within a channel.
Descending Channel:
The descending channel provides a clear bearish structure, with price making lower highs and lower lows. This channel acts as a guide for potential price movement, indicating bearish sentiment as long as the price remains within this structure.
Daily Bull Flag:
This larger bullish flag formation suggests a longer-term bullish potential if price breaks above the flag's upper boundary. It's a key pattern to watch for potential upside.
1HR LQZ / Reversal Zone:
This liquidity zone (LQZ) is marked as an area where a significant amount of orders might be present, potentially leading to reversals or significant price reactions.
4HR LQZ:
Similar to the 1HR LQZ, but observed on the 4-hour timeframe, suggesting a more significant potential reversal or consolidation area.
Bullish Potential:
If the price breaks above the 1HR LQZ / Reversal Zone and the descending channel, there is a bullish potential up to the levels marked on the chart. The structure would need confirmation through higher highs and higher lows.
Bearish Potential:
If the price fails to break above the descending channel and instead moves below the 4HR LQZ, a bearish continuation is likely, potentially targeting lower support levels.
Summary
The chart indicates a potential for both bullish and bearish scenarios depending on how the price reacts to the identified key levels (major support/resistance zone, 1HR and 4HR LQZs, and the descending channel).
Bullish scenario: Break above the 1HR LQZ and the descending channel, leading to a continuation towards higher levels.
Bearish scenario: Failure to break above the descending channel and a move below the 4HR LQZ, indicating a continuation to the downside.
This analysis should help in making informed trading decisions based on the observed technical patterns and key levels.
SMC Killzone : Aggressive and Stack Entry'sMainly in SMC, there are 3 entry models
This example is all about the
1st Entry Model : Aggressive Entry Model along with Stack Entry
Criteria as below :
15m Kill Zone
Aggressive Entry Model( 14RR ) : 15m Valid LQ Sweep > 1m Confirmation > Limit Order Entry
Stack Entry Model( 9RR ): Within 15m Aggressive Entry > 1m Confirmation > Limit Order Entry
400 Pips in a Week! Discover the Secret Behind Trading Strategy!Technical Breakdown
Ascending Channel Formation:
The price has been moving within an ascending channel, indicating a bullish trend. The upper and lower boundaries of the channel have provided resistance and support, respectively.
Support/Resistance Level:
A key horizontal level around 2,430 has acted as both support and resistance. This level was tested multiple times, showing its significance in the price action.
Bear Flags:
Two bear flags are identified, one on the 15-minute chart and another on the 30-minute chart. Bear flags typically indicate continuation patterns in a downtrend, suggesting further bearish movement.
Higher High (HH) and Lower High (LH):
The chart shows a higher high (HH) followed by a lower high (LH), indicating a potential shift from a bullish to a bearish trend.
Price Target (TP):
The TP is marked at 2,348, suggesting a potential downside target based on the current technical setup.
DON’T Look at a screen all day! - Here's whyStop Watching Your Trades All Day
Have you ever found yourself glued to your screens, watching every tick of the market, and feeling the stress levels rise?
If so, you’re not alone.
You might find it productive and what is essential but it’s actually a more dangerous habit than you might think.
Watching every tick will rise your cortisol (stress) levels.
It might cause you to take impusive trades.
And you might adjust your trading levels when you shouldn’t.
And so in this piece of writing I’m going to show you why you should stop watching the screens all day.
The Cortisol Rush
Every time you check the market and see a fluctuation in your trades, your body responds by releasing cortisol, the stress hormone.
While cortisol is useful in fight-or-flight situations, in trading, it can lead to quick and unnecessary decisions.
And you’ll end up taking more lower probability trades than you should.
It’s time you lead a more balanced, stress free and calmer trading life.
Distraction from Higher Priorities
Trading should be a part of your life, not the entirety of it.
You shouldn’t obsess over every market movement.
Your job is to wait for high probability trades to line up, take them and then let the market take over.
Also, you the trick is to focus on other vital aspects of your life like: family, health, and even your full-time job if you have one.
Balance is key to sustain success in both your personal and professional life.
Now there are a number of benefits when NOT looking at a screen all day.
Benefit #1: Beter Decision-Making
When you’re not constantly reacting to market volatility, you have more time to analyze your strategies and make more informed decisions.
This way you can priortise in what is absolutely needed to act on when you do trade.
Benefit #2: Improved Quality of Life
Life is NOT just about trading.
So once you’ve taken a trade and reduced your screen time, you will be able to free up time for other activities that enhance your well-being.
I’m talking about things like exercise, hobbies, and time with loved ones.
A well-rounded life supports better mental health, which in turn can improve your trading performance.
Benefit #3: Increased Productivity
Believe it or not, spending less time watching your trades can actually make you more productive.
You will also have the right amount of energy and focus to set specific times to check the market and stick to a trading plan.
Time management is everything.
This disciplined approach can lead to better outcomes than erratic, all-day monitoring.
So how do you use your time for when you trade?
ACTION #1: Use Alerts Wisely:
Analyse and set up your trading alerts for specific price levels, when your strategy lines up or wait for my trading ideas where I do all the work for you.
Let technology or a mentor help you t so you don’t have to watch the markets to do the monitoring for you.
ACTION #2: Create a Balanced Schedule:
You should also take the time to Incorporate other important activities into your daily schedule.
This could include exercise, reading, or spending time on a hobby.
It’s all about creating a healthy work-life balance.
ACTION #3: Check and review your Trading Plan Regularly:
When you review and check your trading track record and journal, this will tell you whether you’re on the right path to growing your portfolio.
You need to base this time on looking at the stats, metrics, seeing the mistakes you made.
And where you are with your trading in total.
This only requires you to do this once a week or so.
And it will reduce the time you think you need to constantly check the markets.
FINAL WORDS:
As I always like to say sometimes less is more.
Drop the screen time and focus on what is important.
Lower your stress and keep to a well-balanced trading life.
This way you’ll be able to integrate trading in a more effective and profitable way.
Trade well, build wealth.